The recent reduction in the ex-depot price of petrol by the Nigerian National Petroleum Corporation was to keep the oil firm competitive following the commencement of petrol imports by private marketers, industry operators said on Wednesday.
It was learnt that the corporation had abundant stock and it had to crash its ex-depot price in order not to lose its customers, as more dealers began the importation of petrol.
It was learnt that the corporation had abundant stock and it had to crash its ex-depot price in order not to lose its customers, as more dealers began the importation of petrol.